Premium Forecasting
Lloyd’s Underwriter
Premium Planning
Knows the Market
| GL00001 |
Technology |
Technology Co 2 |
$40,404 |
Medium |
| GL00002 |
Technology |
Technology Co 3 |
$41,952 |
Low |
| GL00005 |
Healthcare |
Healthcare Co 6 |
$32,854 |
Medium |
| GL00007 |
Construction |
Construction Co 8 |
$26,090 |
High |
| GL00008 |
Healthcare |
Healthcare Co 9 |
$25,467 |
Medium |
| GL00009 |
Renewable Energy |
Renewable Energy Co 10 |
$81,331 |
Medium |
| GL00012 |
Technology |
Technology Co 13 |
$37,076 |
High |
| GL00013 |
Renewable Energy |
Renewable Energy Co 14 |
$68,826 |
Low |
| GL00014 |
Renewable Energy |
Renewable Energy Co 15 |
$50,257 |
High |
| GL00015 |
Renewable Energy |
Renewable Energy Co 16 |
$34,535 |
High |
Assigned High, Medium, Low chances of the retaining policy
Assign probability for policy
Run simulations
Premium Planning
US Liability Business
Grow from 60mm USD to 80mm USD
Where does the premium come from?
Northeast US -> 10mm
Heathcare sector -> 5mm
Small business -> 5mm
Co-occurrence of Risk Factors
Allocate by simulating policies
Also allocates across other policies
Use pricing / loss models
What does ‘optimal’ mean?
Proper use may require rethinking relationships